At what enterprise value was DEVRO acquired in 2023?

You can find the full valuation details of DEVRO on mynth capital. The transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b GBP. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the AgriFood industry currently tracks an average EBITDA multiple of 10.7x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of DEVRO when it was acquired by SARIA?

The estimated EV/EBITDA multiple for DEVRO is in the range of 10x - 18x. For comparison, the AgriFood sector currently shows an average EBITDA multiple of 10.7x. Join our community for free to access full valuation data and industry trends.

When was DEVRO acquired by SARIA?

DEVRO was acquired by SARIA in 2023.

What was the EBITDA of DEVRO during the acquisition?

DEVRO's EBITDA is estimated to be in the range of 50M - 100M GBP. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the DEVRO acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the DEVRO deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://saria.com/news/saria-expands-portfolio-with-acquisition-of-devro/#:~:text=The%20SARIA%20Group%20and%20Devro,acquisition%20on%20March%203%2C%202023.

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Home Database AgriFoodDEVRO

04/2023

DEVRO acquired by SARIA

UNITED KINGDOM Food Processing / Ingredients EV 500M - 1.5b GBP

Context

SARIA acquired the entire issued share capital of Devro with an offer representing a substantial premium of approximately 67% to Devro's share price, reflecting SARIA's determination to delist this strategic asset. The deal creates a global powerhouse in the sausage casings market, combining Devro's collagen technology with SARIA's existing natural casings business (Van Hessen).

DEVRO, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the AgriFood sector (10.7x).

-> Deep-dive in AgriFood market trends

Target

Headquartered in Scotland, Devro is one of the world's leading suppliers of collagen casings for food (primarily sausages). It employs over 2,000 people and operates manufacturing sites in the UK, USA, China, and Czech Republic. Its products are a specialized alternative to natural casings, offering consistency and productivity for Corporate meat processors.

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Similar deals in Food Processing

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
05/2023	MADEMOISELLE DESSERTS	GALANA (PASTRY & ICE CREAM)	BELGIUM	Bakery / Pastry
05/2023	GREENYARD	GIGI GELATO	NETHERLANDS	Food Products
03/2023	NACTAROME GROUP	ROYAL BUISMAN	NETHERLANDS	Ingredients
03/2023	CARLSBERG GROUP	WATERLOO BREWING	CANADA	Wines & Spirits
02/2023	ROUTIN	CAPPUCCINE	UNITED STATES	Soft Drinks
02/2023	LUCAS BOLS COMPANY	FLUÈRE	NETHERLANDS	Wines & Spirits
02/2023	PAI PARTNERS	LA COMPAGNIE DES DESSERTS	FRANCE	Bakery / Pastry
01/2023	IRCA / ADVENT INTERNATIONAL	KERRY SWEET INGREDIENTS	IRELAND	Ingredients
01/2023	NEWPRINCES GROUP	EM FOODS	FRANCE	Food Products
01/2023	REFRESCO	AVANDIS	NETHERLANDS	Contract Bottling & Packaging

REFERENCES

Valuation range: EV 500M - 1.5b GBP

EBITDA range: 50M - 100M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of DEVRO by SARIA are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.